Forex Technical Analysis & Forecast 04.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
04.07.2018EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating around 1.1645. Possibly, the pair may form another descending structure to reach 1.1698 (an alternative scenario). According to the main scenario, the price is expected to trade downwards to break 1.1575 and then continue falling to reach 1.1464.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.3168. Possibly, today the pair may grow to reach 1.3225. Later, the market may fall to break 1.3090 and then continue trading to the downside with the target at 1.2990.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9930. Today, the price may fall to reach 0.9898. After that, the instrument may grow to break 0.9990 and then continue trading to the upside with the target at 1.0080.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the first descending impulse. Possibly, today the pair may grow to reach 110.73and then resume falling with the target at 109.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the first ascending structure at 0.7420. Today, the price may be corrected towards 0.7360, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the market may continue trading upwards to reach 0.7500; if to the downside – resume falling inside the downtrend with the target at 0.7285.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.
XAUUSD, “Gold vs US Dollar”
Gold has completed the first ascending impulse at 1260.00. Today, the price may start another correction towards 1248.00 and then form a new ascending structure to return to 1260.00 and break it. The short-term target at 1270.00.
BRENT
Brent is moving upwards. Possibly, the pair may reach 80.70 and then fall to return to 78.50. Later, the market may continue trading upwards to reach 82.00.
Attention!Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.